Bank of Queensland Pension Plus Review and Information | Finder

Bank of Queensland Pension Plus Account

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Visa access, make branch withdrawals, earn competitive stepped interest rates and pay no monthly fees.

The Bank of Queensland Pension Plus account gives you unlimited card, branch and online access to your money in addition to a stepped interest structure. The Pension Plus rewards you with up to 3 different rates of interest, balances greater than $45,401 accrue interest at 0.5%

0.5% p.a.

Maximum variable rate


Base interest rate

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Product NameBank of Queensland Pension Plus Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.50%
Monthly Account Fee$0
Minimum Opening Deposit$500

Key features

Interest rate

The Bank of Queensland Pension Plus account gives you a competitive stepped rate of interest. Different rates of interest apply to different slices of your account balance.

Account access

A Visa Debit Card is issued by Bank of Queensland so you can access the money in the Pension Plus at ATMs and make purchases online and at EFTPOS terminals in Australia and overseas. You can also make withdrawals from this account via the Bank of Queensland online banking facilities.

How to apply

Visit a bank of Queensland branch to apply for the Bank of Queensland Pension Plus Account or call a Bank of Queensland customer service agent.


  • Pension. You can apply for this account if you're receiving the Australian carers, disability, veterans or aged pension.
  • Minimum deposit. You're required to deposit $500 or more when you apply for the Bank of Queensland Pension Plus Account.

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